Well folks,
The chart speaks for itself....WEEKLY CHART......... Why the massive 52% sell off? Still unknown as the company reported...
There are 2 major candles here that we should look closely.
The second last, large black/bearish candle, which was brought by the resignation of Lisa(ex former Intel Capital MD). A sell off of over 59 million shares and a drop from 6.9 cents to 6.0 cents testing 5.4c....
This week's(last large black/bearish candle), which the reasons are very suspicious but still, the company reported they no nothing about it..... which crashed the stock price from 6.0 cents to 3.9 cents with a low of 2.8 cents..... with over 470 million shares exchanged !!!!
Rumors in only a handful places...I will re-phrase it..... ONLY in a handful forums, are reading it as a manipulation. The simple explanation hey? The easy way out to explain something that we do not know.
Be aware that a REGULATOR has been contacted and has been looking at this activity.
What has been experienced lately is not normal trading and if it is manipulation, it should well be look at it.
But, if there is something more to it.... the thoughts of a possible announcement that might show lead to last week's extreme sell off, then there will be a possible query here by the Regulator....
The company itself, brought a "company update" which has been well accepted by many of the long term shareholders. Many of them with large losses, are trying to understand what really happened here this week.
The danger I see on the many posts here advising it was nothing much event... or, it's just manipulation to take the eyes of what and how the company is conducting itself to the markets.
Be cautious....the illusions of getting rich on spec start up companies is nothing new.... It has been around the traps for decades.... and I can tell you right now of the bat.
If you are not "prepared", skilled and understand the technology, you can either get burned very severely, make close to no much money because of the wild swings, or just end up learning 1 thing or 2.
No matter how long in a time and space of trading days takes... extreme/large movements experienced like this week, will show up somewhere... it cannot be hide... this is no cartoon folks....
So, Good luck with your investments and trading on XPE... it's definitely a stock that gives traders a great opportunity to add to their income due to many features.... volume, wild swings, uncertainty, fear and wild speculations... I hope you all profit from it and be more careful next time to not get burned again.
WEEKLY CHART: a reality.... no fantasies....
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My best wishes to the real shareholders that got caught on this sell off event......
Never stop looking for answers when something is not right.... only fools follow the easy way out....
Beautiful out there... Saturday !!!
Enjoy your weekend !
T10
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